Defense Stocks Rise, JB Hunt Falls, Hertz Skyrockets
On this episode of Stock Movers:- Northrop Gruman (NOC) and Lockheed Martin (LMT) shares are up after Morgan Stanley upgraded their view on defense companies. The bank said it’s taking into consideration the $1 trillion defense budget and potential for increased international exports.- JB Hunt (JBHT) shares fell as analysts point to continuing concerns about the impact of tariffs and the broader economy on the trucker, even after the company reported first-quarter profit above expectations.- Hertz Global Holdings (HTZ) shares had their biggest gain ever on reports that Pershing Square Capital Management amassed a position of almost 20% in the beleaguered car rental company. Bill Ackman’s investment firm said in a filing Wednesday that it bought 12.7 million shares valued at about $46.5 million at the time of the purchase. - Omnicom Group (OMC) shares are down after the advertising company reported its first-quarter results. Revenue was fractionally under expectations, while operating profit was more significantly below the consensus analyst forecast.See omnystudio.com/listener for privacy information.
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5:52
ASML Falls, Interactive Brokers Drops, JB Hunt Shares Lower on Tariff Concerns
On this episode of Stock Movers:- ASML (ASML) shares fall after it reported first-quarter orders that were almost a billion euros less than expected and warned it doesn’t know how to quantify the impact of recent tariff announcements that are threatening to upend the semiconductor industry.- Interactive Brokers Group (IBKR) shares drop after posting 1Q adj. EPS and net interest income that fell short of expectations. The quarter’s general and administrative expenses increased 24% from the year-earlier period, driven primarily by an increase of $8 million in advertising expenses- JB Hunt (JBHT) shares fall as analysts point to continuing concerns about the impact of tariffs and the broader economy on the trucker, even after the company reported first-quarter profit above expectations.See omnystudio.com/listener for privacy information.
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4:53
Nvidia Falls, Hertz Jumps, United Airlines Higher on Dual Forecasts
On this episode of Stock Movers:- Nvidia (NVDA) shares fall after President Donald Trump’s administration banned the chip giant from selling its H20 chip in China. The firm warns it will report about $5.5 billion in writedowns during the current quarter, tied to inventory and commitments for the chip.- Hertz (HTZ) shares soar after Pershing Square Capital Management revealed a large stake in the beleaguered car rental company. Bill Ackman’s investment firm bought 12.7 million shares valued at about $46.5 million at the time of the purchase, according to a filing Wednesday, making it one of Hertz’s largest shareholders.- United Airlines (UAL) shares are higher after it provided two possible earnings scenarios, expecting an adjusted profit of $11.50 to $13.50 a share if the current environment remains stable, and $7 a share if the US economy enters a recession.See omnystudio.com/listener for privacy information.
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3:48
Nvidia and ASML Push Chips Lower; United's Positive Guidance; Tesla China Parts
On this episode of Stock Movers:- Nvidia (NVDA) shares are lower this morning, leading a slide in global chip stocks, due to new US government restrictions on Nvidia chip exports to China. The restrictions on Nvidia's H20 chip are seen as a permanent policy driven by concerns over China's rise in the electronics sector and are expected to have a significant negative impact on the semiconductor supply chain.- ASML Holding NV (ASML) shares are down not just due to Nvidia chip restrictions, but on comments regarding outlook from leadership due to tariffs and a disappointing report on orders.- United Airlines (UAL) shares are higher after the carrier said it expects resilient earnings in the second quarter. It says its 2025 outlook remains achievable.- Tesla (TSLA) share are lower after pausing the shipping of key components from China for its Cybercab and Semi models. It comes amid a growing US-China trade war.See omnystudio.com/listener for privacy information.
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4:07
Nvidia Chip Curb Slide; ASML Follows Nvidia Down; United Airlines Hopeful Outlook
On this episode of Stock Movers:- Nvidia (NVDA) shares are lower this morning, leading a slide in global chip stocks, due to new US government restrictions on Nvidia chip exports to China. The restrictions on Nvidia's H20 chip are seen as a permanent policy driven by concerns over China's rise in the electronics sector and are expected to have a significant negative impact on the semiconductor supply chain.- ASML Holding NV (ASML) shares are down not just due to Nvidia chip restrictions, but on comments regarding outlook from leadership due to tariffs and a disappointing report on orders.- United Airlines (UAL) shares are higher after the carrier said it expects resilient earnings in the second quarter. It says its 2025 outlook remains achievable.- The Metals Company (TMC) is looking to continue the streak of gains for rare metals miners as the government plans to allow stockpiling of critical minerals.See omnystudio.com/listener for privacy information.
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